Hilarious: Dodgers resign Dreifort

by 3Com Park on Dec 13, 2009 1:59 PM PST

Great post over at True Blue LA. The headline is

Dodgers Announce Darren Dreifort Signing at $3m discount

The gist of the article is that deferred payments to former players over the next five years are just about the same as the entire amount of the worthless 5 year/$55 millioin Dreifort signing in 2001.

The Dodgers are in serious trouble until they find new ownership.

A list of the amounts owed below the jump.

Andruw Jones $16 million (He certainly delivered value on that contract)
Jason Schmidt $5.3 million (Ha! The gift that keeps on giving)
Manny Ramirez $25 million (Whoo Hoo!)
Deferred signing bonuses to various players $6 million

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lawl

by sfoakbay on Dec 13, 2009 2:05 PM PST reply actions

Bitchin

Matt Cain: throwing complete game shutouts since 06'. No big deal.

by cain1rstballothof on Dec 13, 2009 2:09 PM PST reply actions

YES!

Nobody goes there anymore. It's too crowded.

by Ramah71 on Dec 13, 2009 2:18 PM PST up reply actions

This bothers me. Now will the Giants try and race to bottom again thinking a 83 win team would win the division?

Who’s brain did you bring me?
Brain SabeanOranother.

by daveinexile on Dec 13, 2009 2:22 PM PST reply actions

Dumpster divin'

Tommy Joseph is the Dingerzball Wizard

by SoFa King Mike on Dec 13, 2009 2:37 PM PST up reply actions

The Giants Way!

Matt Cain: throwing complete game shutouts since 06'. No big deal.

by cain1rstballothof on Dec 13, 2009 2:48 PM PST up reply actions

“Clark, that’s the gift that keeps on giving the whole year!”
“That it is, Edward.”

I'm thinking but nothing's happening.

by JRPhillips on Dec 13, 2009 3:30 PM PST reply actions

man, 11 and 12 are going to kill them. They might have to trade some arb players just to save money

2010: $7,530,000
Andruw Jones: $3,200,000 (deferred salary)
Nomar Garciaparra: $1,125,000 (deferred signing bonus)
Jason Schmidt: $2,625,000 (deferred signing bonus)
Will Ohman: $200,000 (option buyout)
Orlando Hudson: $380,000 (deferred signing bonus)

2011: $14,158,333
Andruw Jones: $3,200,000 (deferred salary)
Jason Schmidt: $2,625,000 (deferred signing bonus)
Manny Ramirez: $8,333,333 (deferred salary)

2012: $15,658,333
Andruw Jones: $3,200,000 (deferred salary)
Manny Ramirez: $8,333,333 (deferred salary)
Casey Blake: $1,125,000 (option buyout)
Rafael Furcal: $3,000,000 (deferred signing bonus)

2013: $11,533,333
Andruw Jones: $3,200,000 (deferred salary)
Manny Ramirez: $8,333,333 (deferred salary)

2014: $3,200,000
Andruw Jones: $3,200,000 (deferred salary)

Total: $52,079,999 over 5 years

say hey nation is the Ralph Nader of McC.-Xanthan

by say hey nation on Dec 13, 2009 3:57 PM PST reply actions

This reminds me of the cap hell the Niners got themselves into.

Juan Carlos Perez, please start hitting.

by marcello on Dec 13, 2009 3:59 PM PST up reply actions

isn't pierre on the payroll for 2010 and 2011

for a pretty hefty amount also ?

by giantdonkey on Dec 13, 2009 6:13 PM PST up reply actions

LOL! Glad to know Agent Ned is still in business. Deferred salaries are his forte.

by Hobbes2d on Dec 13, 2009 10:44 PM PST up reply actions

Are the GIants done paying for BLB and Benitez’s deferred salaries?

Giant Dirtbags: John Bowker, Steve Hammond. MIA List: Todd Jennings, Brian Anderson
Jeremy Affeldt induces DP's

by Giant among Angels on Dec 13, 2009 4:08 PM PST reply actions

I’d imagine we are done with Benitez. I think Barry had some personal services contract for like 10 or 15 years. I don’t know if you want to count that, but he’s still getting paid $5 million a year, I think.

Juan Carlos Perez, please start hitting.

by marcello on Dec 13, 2009 4:12 PM PST up reply actions

But BLB brought/brings revenue to the team.

say hey nation is the Ralph Nader of McC.-Xanthan

by say hey nation on Dec 14, 2009 6:28 AM PST up reply actions

brings?

hmmm

Giants pitching coach Dave Righetti. "I treat Timmy differently from most pitchers: I leave him alone."

"I sometimes still can get insider info and I am not a dumb or average fan.
Molina is needed."

by natteringnabob on Dec 14, 2009 7:15 AM PST up reply actions

MERCHANDISING!

say hey nation is the Ralph Nader of McC.-Xanthan

by say hey nation on Dec 14, 2009 7:17 AM PST up reply actions

The Dodgers quit Dreifort?? Doesn’t make sense.

"meh"

by SFGuy on Dec 13, 2009 4:15 PM PST reply actions

they just can’t quit Dreifort..

by tyrannoman on Dec 13, 2009 6:56 PM PST up reply actions

Andruw Jones is one of my new faves, taking that dodger money like he’s post to.

Matt Cain: throwing complete game shutouts since 06'. No big deal.

by cain1rstballothof on Dec 13, 2009 4:25 PM PST reply actions

Like he’s what?

"I don’t know why people feel the need to come up with reasons 'why' for everything..." - Missing Barry

by victor frankenstein on Dec 14, 2009 9:04 AM PST up reply actions

Good soldier

Matt Cain: throwing complete game shutouts since 06'. No big deal.

by cain1rstballothof on Dec 14, 2009 9:17 AM PST up reply actions

I’m still pretty sure the money is budgeted in earlier years though, so it’s basically already been set aside and not impacting their present decisions….

by Missing Barry on Dec 13, 2009 10:22 PM PST reply actions

I think that is only deferred bonus money. I’m not sure about deferred salaries.

say hey nation is the Ralph Nader of McC.-Xanthan

by say hey nation on Dec 14, 2009 6:29 AM PST up reply actions

I don’t that’s correct and it probably will have an impact. I remember in the case of Andruw Jones specifically that they couldn’t afford to sign Ramirez unless they re-structured his deal to save them money in the short term. Of course i assume that there’s quite often cases of deferred money and so some expectation of deferred money is probably accounted for in addition to the major league budget (along with draft bonuses, other costs, etc)

Proud parent of Waldis Joaquin!

by GiantFan on Dec 14, 2009 7:54 AM PST up reply actions

The man point of deferred money (bonus, b/c they are kept and fully funded at the time) is interest and inflation.

say hey nation is the Ralph Nader of McC.-Xanthan

by say hey nation on Dec 14, 2009 7:55 AM PST up reply actions

Well, other teams may do it differently but I feel like I’ve ready about Sabean discussing this issue specifically (probably talking about Bonds deferred money), saying they budget it in the year it’s “earned”, so essentially it’s set aside until it’s owed.

by Missing Barry on Dec 14, 2009 7:56 AM PST up reply actions

Yeah, It’ll depend on the situation and how you deal with the monies. I think you’re right that we probably do it that way in those cases, and the Dodgers may do the same with theirs. In the case Jones i don’t think that’s the case but i have no idea about the others (i suspect it might be the same for Ramirez but not for the others)

Proud parent of Waldis Joaquin!

by GiantFan on Dec 14, 2009 8:14 AM PST up reply actions

Makes me feel a little better about Zito's gigantic contract

At least he has won 31 games for the Giants in 3 seasons (still not worth the $$$ though) while Schmidt and Jones were/will be collecting money NOT playing for LA.

Win the inning.

by Scooter Ellis on Dec 14, 2009 10:18 AM PST reply actions

If Zito makes the rest of his starts for the next four years that would actually be pretty good. Still overpriced, but there is definitely some sort of value to not missing a start.

by positiveuphemism on Dec 14, 2009 9:29 PM PST up reply actions